TD Private Client Wealth LLC Sells 101 Shares of Intercontinental Hotels Group $IHG

TD Private Client Wealth LLC decreased its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 29.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 247 shares of the company’s stock after selling 101 shares during the quarter. TD Private Client Wealth LLC’s holdings in Intercontinental Hotels Group were worth $28,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC increased its holdings in Intercontinental Hotels Group by 170.5% during the first quarter. Millennium Management LLC now owns 305,177 shares of the company’s stock worth $33,444,000 after buying an additional 192,342 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Intercontinental Hotels Group in the 1st quarter valued at about $6,203,000. Natixis Advisors LLC grew its holdings in Intercontinental Hotels Group by 2.8% during the first quarter. Natixis Advisors LLC now owns 717,617 shares of the company’s stock worth $78,644,000 after purchasing an additional 19,467 shares during the period. Goldman Sachs Group Inc. increased its position in Intercontinental Hotels Group by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company’s stock worth $73,310,000 after buying an additional 16,461 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Intercontinental Hotels Group in the 1st quarter valued at $1,650,000. 15.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a report on Friday, September 26th. Wall Street Zen raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Intercontinental Hotels Group Price Performance

Shares of IHG opened at $121.19 on Wednesday. The firm has a 50 day simple moving average of $120.16 and a two-hundred day simple moving average of $115.41. Intercontinental Hotels Group has a one year low of $94.78 and a one year high of $137.25. The company has a market cap of $18.53 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.74 and a beta of 1.27.

Intercontinental Hotels Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, August 22nd will be issued a $0.566 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 140.0%. Intercontinental Hotels Group’s dividend payout ratio is 20.04%.

Intercontinental Hotels Group Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.